Expected Dearness Allowance (DA) from July 2022 Calculation
DA Hike Latest News July 2022
38% DA Order for Central Govt Employees wef 01.07.2022 – Finmin Orders 2022
Existing DA 34% + Additional DA 4% = Increase in DA 38%
Cabinet approves 4% DA increase for CG Employees from July 2022
Cabinet has approved the release of additional instalment of Dearness Allowance and Dearness Relief @ 4% to Central Government employees and pensioners due from 01.07.2022 [Click to Read More…]
The Consumer Price Index for Industrial Workers (CPI IW BY 2001=100) is the key factor for determining Dearness Allowance for Central Government Employees and Pensioners. Labour Bureau is being released the statistics of CPI (IW) through its official portal. On the last working day of every month, the Labour Bureau is released the AICPIN of succeeding month.
Dearness allowance is calculated on the basis of current basic pay and the dearness relief is calculated on the basis of basic pension. The Government of India decides the dearness allowance is revised two times in a year between January and July for Central Government employees. The Dearness Allowance is calculated by multiplying the current rate of dearness allowance by the basic salary of the central govt employee.
Expected DA from July 2022
Dearness Allowance is a key component of the pay rise factor. Central govt employees has expected to hike the DA in every six months. Central government employees DA will be increase by 4% in the month of July 2022. As per the approved formula for DA calculation, the rate of Dearness Allowance to be paid to all central Government Employees with effect from July 2022 will be enhanced from the existing rate of 34% to 38% of the Basic Pay with effect from 1st July, 2022.
The All-lndia CPI-IW for June, 2022 increased by 0.2 points and stood at 129.2 (one hundred twenty nine point two). According to the AICPIN for June 2022, the Dearness Allowance for Central Government Employees and Dearness Relief for Pensioners will be expected to confirm at 38% with 4% increase in existing rate of DA 34%.
DA Calculation Formula
Dearness Allowance = (Average of AICPIN for the past 12 months – Fitment Factor) x 100 / Fitment Factor
7th Pay Commission DA Percentage = (12 Monthly Average of AICPIN) – 261.42) / 261.42 x 100 (ignore decimals)
DA / DR from July 2022
- AICPIN 12 Month Total : 353.66 + 354.24 + 355.10 + 35.71 + 362.01 + 361.15 + 360.2 + 360.0 + 362.88 + 367.78 + 371.52 + 372.07 = 4340.41
- 12 Month Average of AICPIN: 4340.41/12 = 361.70
- DA Formula Over 261.42: (361.70-261.42) / 261.42 * 100 = 38.36 (ignore decimals)
- Approximate DA Percentage: 38%
Expected DA Calculation: AICPIN for June 2022 – Current AICPIN Index stood at 129.2
18 Months DA arrears Latest News 2022
NC JCM Staff on DA Latest News: Payment of Dearness Allowance/Dearness Relief w.e.f. 01.01.2020, 01.07.2020 and 01.01.2021 with the arrears – NC JCM Staff side secretary writes to the Cabinet Secretary. [Click to Read More…]
[sc_fs_multi_faq headline-0=”h2″ question-0=”How is DA calculated for July 2022 for Central Govt Employees?” answer-0=”To calculate the DA from July 2022, we need 6 months AICPIN from January 2022 to June 2022. So, we will calculate every month after releasing the AICPIN by Labour Bureau. Now the AICPIN for June 2022 was released by Labour bureau on 29.7.2022. All data are received to calculate DA from July 2022. As per DA Calculation, DA from July 2022 is 38% Confirmed! for CG Employees and Pensioners.” image-0=”” headline-1=”h2″ question-1=”How to calculate DA in Salary for Central Govt Employees?” answer-1=”DA is calculated based on their basic salary. For example, if an employee’s basic salary is 24000 and if a pensioner’s basic pension is 8130, the calculation of DA: Basic Salary: Rs. 24000 x 34% = Rs. 8160″ image-1=”” headline-2=”h2″ question-2=”What will be the Expected DA and DR from July 2022?” answer-2=”The percentage of Dearness Allowance is likely to be increase 4% from July 2022. So the Expected DA July 2022 will be 38%” image-2=”” count=”3″ html=”true” css_class=””]